BNP Paribas launches g4C Pay and Trace service
Global bank BNP Paribas has launched the g4C Pay and Trace service, which lets corporations and businesses to track and analyse spending for B2B payments on the SWIFT network. This generates its own Unique End-to-end Transaction Reference (UETR) which gives payment status report and lets the user track real-time tracking. The user report comes in XML format which can directly be feed into ERP systems or TMS.
Previously the bank had integrated SWIFT gpi-information with its global channel Connexis Cash. The company will also implement inbound tracking features in future and which will let treasurers access cash forecasting through end-to-end payment visibility.
Earlier this year, the bank partnered with Coupa pay to integrate its virtual cards.